Old portuguese escudos

The Portuguese escudo was the official currency of Portugal from 1911 until 2002, when it was replaced by the euro, marking the economic and cultural history of the country.

About this subject

The Portuguese escudo was introduced in 1911, after the establishment of the Republic in Portugal, replacing the real. The currency was subdivided into 100 centavos and circulated for over 90 years. During this period, the escudo underwent several monetary reforms and devaluations, especially during the economic crises of the 20th century. Banknotes and coins featured historical figures such as Prince Henry the Navigator, Luís de Camões, and the effigy of the Republic. Metallic coins included denominations of 1, 2, 5, 10, 20, 50 escudos and centavos. The design of the coins varied, highlighting national symbols like the coat of arms and the armillary sphere. The transition to the euro occurred on January 1, 2002, with the escudo used as a parallel currency until February 28 of the same year. Many Portuguese still keep escudos as souvenirs or collectibles. Numismatics especially values rare coins, such as the 5 escudos from 1916 and commemorative issues of the Age of Discoveries. The Portuguese escudo is a symbol of national identity and a witness to a period of transformation in the country.

Frequently Asked Questions

When did the Portuguese escudo cease to be legal tender?

The Portuguese escudo ceased to be legal tender on February 28, 2002, when the euro became the sole legal currency in Portugal.

What were the main figures depicted on escudo banknotes?

Escudo banknotes often featured figures such as Prince Henry the Navigator, Luís de Camões, the Republic, and other Portuguese historical figures.

What makes an escudo coin valuable to collectors?

Rare coins, such as the 5 escudos from 1916 or limited commemorative issues, are valuable due to their scarcity, condition, and historical significance.